Fireweed Zinc Ltd. (TSX-Venture:FWZ) reported big things Tuesday. The company, based out of Vancouver, announced the last results from the 2019 drilling at the Macmillan Pass Project in Yukon, results from the Boundary Zone 15 road kilometres west of the Jason Deposit.
FWZ told investors the final 2019 drill hole at the Boundary Zone intersected 4.14% Zinc over a true width of 230 metres with a near surface higher-grade section of 7.94% Zinc over a true width of 100 metres and high-grade sub-intervals including 42.49% Zinc over 6.4 metres and local very high grade sections including >60% Zinc over 0.6 metres.
The company maintains these results remains open to depth and along strike.
Said CEO Brandon Macdonald, “These results, along with recent drilling success at Tom North and End Zone, have potential to meaningfully expand on our current resource. With all the data in from the summer program, we will now fully evaluate the results and consider the best path forward to advance the project. Clearly, we have some potential levers to improve economics after our excellent results from the 2018 and 2019 campaigns.”
Shares neared the close on Tuesday vaulted seven cents, or 13.2%, to 60 cents, on volume of 133.000 shares.